Through this partnership, InvestGB hopes to improve customer service and modernize its main wealth management platform.

This partnership's main objective is to use Avaloq's cutting-edge technology to improve and expedite InvestGB's wealth and investment management procedures. InvestGB will greatly enhance service delivery for both its own and Gulf Bank's clients by combining its disparate systems and data into a single infrastructure through the integration of Avaloq's cutting-edge cloud-based platform.

Through the provision of sophisticated self-service alternatives, enhanced fee transparency, intuitive portfolio visualizations, and the most recent security authentication requirements, Avaloq is poised to elevate the wealth management experience for InvestGB's clientele. The user interface will be particularly customized to deliver dashboards and capabilities that are suited to the demands of corporate and private banking clients.

The technology from Avaloq will be used by InvestGB to automate and standardize processes in its front, middle, and back offices. In order to improve speed and accuracy, the platform will also facilitate corporate activities, fund administration, portfolio management, and investment advising services.

Robust KYC procedures are integrated into regulatory and compliance frameworks as part of the integration, which bolsters InvestGB's risk management. The RM Workplace solution from Avaloq, which offers a consolidated view of client data, automates important procedures like portfolio rebalancing and client onboarding, and enables tailored client communication and advise, will be helpful to relationship managers at InvestGB.

The cooperation's strategic importance was highlighted by InvestGB CEO Hani AlAwadhi, who said, "Our partnership with Avaloq demonstrates our unwavering commitment to innovation and delivering long-term value for our clients." We are expanding the digital transformation of our wealth management services, fostering development via innovation, and putting ourselves in a better position to meet the changing demands of corporate and high-net-worth clientele by utilizing Avaloq's state-of-the-art technology.

The partnership was also discussed by Akash Anand, regional director and head of Avaloq's Middle East and Africa: "We are honored to welcome InvestGB as our first customer in Kuwait. This collaboration demonstrates Avaloq's extensive knowledge and dedication to providing outstanding value in the wealth management sector. We are excited to work with InvestGB to improve the wealth management and private banking industry in the area.